Disallow or allow

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MANAGER
281 Points Posted on 14 June 2022

Note that we are a Private Limited Company , if we will want to Deposited Cash 3,00,000.00  to BANK OF INDIA in three different days 100000.00 respectively , Then any CASH RESTRICTION for per day limit  rule as per Income Tax Disallowable in our transaction

 

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On 14 June 2022 at 13:40 Report
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Quick Summary
This discussion clarifies the rules around cash deposits for Private Limited Companies in India. It confirms that depositing up to ₹3,00,000 into a Bank of India account over three days, in ₹1,00,000 instalments, does not violate Section 269ST of the Income Tax Act. The consensus is that there are no daily cash restrictions that would lead to disallowance for such transactions.

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CA
292 Points Posted on 14 June 2022

No Restrictions.

Also Check with your bank.

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On 14 June 2022 at 14:13
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Chartered Accountant
44442 Points Posted on 14 June 2022
No such restrictions are there.
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On 14 June 2022 at 19:55
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Profession
19974 Points Posted on 15 June 2022
No restrictions .are there. Even you are not violating Sec 269ST
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On 15 June 2022 at 09:46

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